Delhivery may make it to FTSE index in Dec, MSCI India by next May: Analyst

The stock, however, is unlikely to get added to the benchmark Nifty and Sensex indices anytime soon, he says .

Logistics major Delhivery is likely to get added to the FTSE All-World Index by December and the MSCI India index by May 2023, said analyst Brian Freitas of Periscope Analytics, who publishes on Smartkarma.

The stock, however, is unlikely to get added to the benchmark Nifty and Sensex indices anytime soon, he added.

The Softbank-backed firm’s Rs 5,235-crore ($685-million) initial public offering (IPO) opens for subscription on May 11 and closes on May 13. The price band for the issue is Rs 462-468 per share. At the top-end, Delhivery will be valued at Rs 35,284 crore ($4.6 billion).

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